Telecommunications Giant XLSMART Telecom Divests Entire Stake in Moratelindo (MORA)
JAKARTA — PT XLSMART Telecom Sejahtera Tbk. (EXCL) has successfully divested its entire ownership in PT Mora Telematika Indonesia Tbk. (MORA), offloading a substantial 4.33 billion shares of Moratelindo in a significant strategic move. This transaction marks a complete exit from its direct investment in the telecommunications infrastructure provider.
According to an official information disclosure submitted to the Indonesia Stock Exchange (BEI), EXCL management explicitly stated that the primary objective behind the sale of all MORA shares was divestment, clarifying its status as a direct ownership relinquishment. This strategic decision aligns with the company’s broader business goals.
Ranty Astari Rachman, Corporate Secretary of EXCL, confirmed the details of the transaction, revealing that the company sold its complete holdings in MORA at a price of Rp432 per share. This strategic divestment has injected a substantial Rp1.87 trillion in fresh funds into EXCL, bolstering its financial position.
The specific number of shares involved in the transaction, as detailed by EXCL management in their BEI disclosure on Friday, December 5, 2025, was precisely 4,331,835,710 shares, each valued at Rp432. This precise reporting ensures full transparency regarding the divestment process.
Prior to this major transaction, EXCL held a significant stake of 4.33 billion MORA shares, representing 18.32% of Moratelindo’s total issued and fully paid shares. Following the completion of the sale, EXCL no longer maintains any direct shareholding in MORA, signifying a complete separation of ownership.
In the broader market context on Friday, December 5, 2025, at 11:25 AM WIB, MORA shares were trading robustly at Rp9,725 per share, having opened at the same price. This strong performance underscores the market’s perception of Moratelindo’s value.
Remarkably, MORA’s share price has demonstrated exceptional growth throughout 2025. Its year-to-date (YtD) performance shows a staggering surge of 9,295 points, or 2,161.63%. Furthermore, over the past six months, the stock has soared by an impressive 9,297 points, marking a 2,172.20% increase, highlighting its significant momentum in the market.
Throughout the day’s trading, MORA shares consistently maintained their price within the Rp9,725 range, contributing to a substantial market capitalization of Rp229.96 trillion. This robust market valuation reflects investor confidence in Moratelindo’s operational strength and future prospects.
Disclaimer: This news article is not an invitation to buy or sell shares. Investment decisions are solely at the discretion of the reader. Bisnis.com bears no responsibility for any losses or gains that may arise from readers’ investment decisions.
Summary
PT XLSMART Telecom Sejahtera Tbk. (EXCL) has successfully divested its entire 18.32% stake in PT Mora Telematika Indonesia Tbk. (MORA). EXCL sold 4.33 billion shares of Moratelindo at a price of Rp432 per share, generating Rp1.87 trillion in fresh funds. This transaction represents a complete exit from its direct investment in the telecommunications infrastructure provider.
The primary objective behind this sale was a strategic divestment of EXCL’s direct ownership. Following the completion of this significant transaction, EXCL no longer maintains any direct shareholding in MORA. The deal involved precisely 4,331,835,710 shares.